Overland Park Kansas Real Estate Update – April 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Overland Park Kansas
Recent
15 Days of Overland Park KS Market Activity

Using the past 15 days of Overland Park market stats below, we can calculate that there’s currently 7.1 months of inventory on the market. This is high and clearly it’s still a buyer’s market overall in the city of Overland Park. To work off the 1,100+ homes for sale in the city, we’ll need to close homes at a rate better than 160 per month. It is a concern that the average seller in Overland Park the past 15 days believes there home is worth about $300,000, while the average sales price over the same period was around $233,000.

Type
#
Average $
Avg DOM
Listings Past 15 Days
253
$300,017
Total Active Listings
1,132
Newest Contracts Written
161
$244,901 76
Newest Sold (Closed)
80
$232,804 95

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

Despite the numbers above, Overland Park outpaces much of the area in stability and has many of the most sought after residential areas. If you’re considering selling or buying an Overland Park Kansas home, you’ll need more than just 15 days of market stats. You’ll also need market stats specific to the subdivision or home communities that interest you most.  We’re ready to go to work as your Overland Park Realtors, so don’t hesitate to let us know how we can assist you with your area home purchase or sale.

View Past Real Estate Stats On Overland Park KS

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Seller’s Agents In Overland Park KS

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Posted by Jason A. Brown